Islamabad, July 3, 2023: Pakistan has made significant progress in its trade dynamics, as official data released on Monday reveals a remarkable 43% decline in trade deficit during the fiscal year 2022-23 when compared to the preceding fiscal year.
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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Pakistan Stocks Witness Highest Ever Gain in Record-Breaking Bullish Day
Market Surge Fueled by IMF Stand By Agreement and Positive Investor Sentiment
Karachi, July 3, 2023: In a historic day for country’s stock market, Pakistan stocks experienced their highest ever gain on Monday, marking an exceptional bullish trend.
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Prime Minister Shehbaz Celebrates Record Surge in Pakistan Stock Exchange
Islamabad, July 3, 2023: Prime Minister Shehbaz Sharif expressed his delight today over the unprecedented surge in the Pakistan Stock Exchange (PSX), extending his congratulations to the business community and the nation as a whole.
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Pakistan’s Headline Inflation Increases to 29.4% in June 2023
Islamabad, July 3, 2023: Pakistan’s headline inflation reached 29.4 percent in June 2023, marking a substantial increase compared to the previous month, according to official data released by the Pakistan Bureau of Statistics (PBS) on Monday.
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FBR applies new advance tax rates on car registration from July 1
Karachi, July 2, 2023: FBR, the Federal Board of Revenue, has implemented new advance tax rates on car registration effective from July 1, 2023.
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Progressive Rates of Super Tax with Increased Threshold Implemented from July 2023
Karachi, July 2, 2023: The Finance Act, 2023 has introduced progressive rates of Super Tax with an enhanced threshold, bringing changes to the existing super tax rates previously enacted for the tax year 2022. These new rates will apply from the tax year 2023 and onwards.
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Pakistan Signs Letter of Intent for $3 Billion IMF Loan
Islamabad: In a significant development, Pakistan signed a Letter of Intent (LOI) on Saturday, signaling its intention to obtain a nine-month, $3 billion loan program from the International Monetary Fund (IMF).
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Pakistan Sacrifices Public Sentiments this Eid; Raises Levy on Petrol to Rs55
Karachi, July 1, 2023: In a move that has disappointed the public during Eid ul Azha, the Pakistan government has decided to increase the levy on petrol to Rs55, instead of providing relief on petroleum prices. The decision, announced by Finance Minister Ishaq Dar, came into effect on July 1, 2023.
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Pakistan Increases High-Speed Diesel Price by Rs7.5 per Liter, Keeps Petrol Unchanged
Islamabad, June 30, 2023: Pakistan has announced an increase in the price of High-Speed Diesel (HSD) by Rs7.5 per liter for the next 15 days, while keeping the price of petrol unchanged.
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Pakistan Clinches $3 Billion IMF Bailout Package
Islamabad, June 30, 2023: Pakistan has secured a crucial $3 billion bailout package from the International Monetary Fund (IMF) as the country grapples with economic challenges and external shocks.
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